BlackSky Technology Inc. - BKSY STOCK NEWS

BlackSky Technology Inc. (NYSE: BKSY) will participate in the Canaccord Genuity 42nd Annual Growth Conference on August 11, 2022, with CEO Brian O’Toole presenting at 8 AM Eastern Time. The event takes place at InterContinental Boston. Interested parties can access the live webcast through BlackSky's investor relations website. Management will also hold one-on-one meetings with registered investors throughout the day.

BlackSky is a leader in real-time geospatial intelligence, operating a small satellite constellation that provides cost-effective imagery and analytics.

BlackSky Technology Inc. (NYSE: BKSY) will host a conference call to discuss its second quarter 2022 results and business outlook on August 10, 2022, at 8:30 AM ET. A press release detailing financial results will precede the call. Participants can access the live and archived webcasts through BlackSky’s investor relations website. To join the call, dial 1-877-589-7299 (domestic) or 1-201-689-8778 (international) at least ten minutes before the start. A replay will be available from 12:30 PM ET on the same day until August 24, 2022.

BlackSky Technology (NYSE: BKSY) has been awarded $4.4 million by the Intelligence Advanced Research Projects Activity (IARPA) for the second phase of the multi-year Space-based Machine Automated Recognition Technique (SMART) Program. This funding will enhance the company's Spectra AI machine-learning platform, aimed at automating quantitative analysis of space-based imagery. The SMART program seeks to identify natural and man-made events using time-series imagery, employing sophisticated machine learning algorithms developed by BlackSky.

BlackSky Technology and Esri have launched BlackSky Tasking, a new cloud-based satellite tasking app integrated with ArcGIS Online. This app allows Esri users to access BlackSky's dynamic satellite services, enabling them to place tasks for satellite imagery and receive on-demand images within hours. The automated process supports near real-time imagery incorporation into existing workflows, making satellite data more accessible for decision-making. The app is now available in the Esri ArcGIS Marketplace.

BlackSky Technology Inc. (NYSE: BKSY) will showcase its AI-driven dynamic monitoring capabilities at AWS re:MARS 2022 in Las Vegas. Chief Innovation Officer Dr. Patrick O’Neil will discuss how intelligent automation enhances BlackSky’s monitoring solutions.

BlackSky's advancements enable hourly monitoring of crucial locations following its successful constellation expansion in 2021. Attendees can engage with Dr. O’Neil during demonstrations and events on June 22. BlackSky specializes in real-time geospatial intelligence, offering high-frequency imagery and analytics for critical locations worldwide.

BlackSky Technologies Inc. (NYSE: BKSY) has secured a basic order agreement with the Joint Artificial Intelligence Center (JAIC) valued at $241 million over five years. This agreement aims to develop and enhance data sets for the Department of Defense's AI applications. With expertise in space-based monitoring, BlackSky's platform will support the DoD's national security missions, providing real-time geospatial intelligence. The agreement positions BlackSky to leverage its AI capabilities to meet the evolving needs of the DoD community.

BlackSky Technology has appointed Henry Dubois as the new Chief Financial Officer effective June 10, 2022. Dubois, who has over 30 years of experience in the remote sensing industry, previously served as CFO at GeoEye, where he significantly increased revenue. BlackSky reaffirms its 2022 revenue guidance of $58 million to $62 million, supported by a recent billion-dollar contract from the U.S. National Reconnaissance Office. The company continues to enhance its position in the geospatial intelligence market with its advanced satellite constellation and analytics platform.

BlackSky (NYSE: BKSY) has secured a contract from the National Reconnaissance Office (NRO) to provide advanced high frequency imagery services over a potential ten-year period. This contract, which commences in Q2 2022, enhances BlackSky's relationship with the NRO and supports their critical missions using new satellite capabilities. The deal includes a five-year base period and five additional one-year options, indicating significant long-term growth potential for BlackSky’s satellite imagery services.

BlackSky Technology reported a record revenue of $13.9 million for Q1 2022, reflecting a 91% increase compared to the previous year. The growth was driven by a 63% rise in imagery and software analytical services, constituting 70% of total revenue. However, the company incurred a net loss of $20.0 million and an adjusted EBITDA loss of $9.5 million. BlackSky continues to anticipate a strong demand, projecting full-year revenue between $58 million and $62 million, marking a 76% increase year-over-year.